Rich Valuations, especially PS > 22.
200 cr capex with and asset turnover of 1.2 ~ 250 cr Sale (considering average values).
Current sale of 170 cr + 250 cr = 420cr.
Its trading at 8x PS 1 year forward and assuming full utilization, again considering “good case valuations”.
As the company makes high margin, 8x PS-10x PS is what market tends to give (non-conservative).
A more clarity or concall would have been good. Capabilities are not at question, valuations are!
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